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HomeMy WebLinkAbout1675 cach apartment unit and its a~~purtrnant undivided interest in common elements as now provided by law, then such tax or special assessment so levied shall be paid as a common ex~ense by Association, and any taxes or special assessments which are to be so levied shall be included, wherever possible in the estimated Annual Budget of Associatio~, or shall be separately levied and collected as an assessment by Association against all of the owners of all apartment un-its and said apartment units if not • included in said Annual Budget. The amount of any tax or special assessment paid or to be paid by Association in the eve~t that such tax or special assessment is levied against the Condominium as a whole, instead of as against each se~arate apartment unit and its appurtenant undivided ~interest in common elements, shall be apportioned among the owners of all apartment units so that the amount of such tax or special assessment so paid or to be paid by Association and attributable to and to be paid by the owner or owners of each apartment unit shall be that portion of such total tax or special assessment which bears the same ratio to said total tax or special assessment as the undivided interest in common elements appurtenant to each apartment unit bears to the total undivided interest in common elements appurtenant to all apartment units. In the event that any tax or special assessment shall be levied against-the Condominium i~ its entirety, without . apportionment by the taxinq authority to the apartment units and appurtenant undivided interest in common elements, then the assessment by Association, which shall include the proportionate share of such tax or special assessment attributable to each apartment unit and its appurtenant undivided interest in common elements, shall separately specify and identify the amount of such assessment attributable to such tax or spe~ial assessment and the amount of such tax or special assessment so desiqnated shall be and constitute a lien prior to all mortgages and encumbrances upon any apartment unit and its appurtenant undivided interest in common elements, regardless of the date of the attachment and/or ~ recording of such mortgage or enc~mbrances, to the same extent as though such tax or special assessment had been separately levied by the taxing authority upon each apartment unit and its aNpurtenant undivided interest in common elements. All personal property taxes levied or assessed against j~~rs~nal property owned by Association shall be paid by said Association and shall be included as a common expense in the ,'~nnual Hudget of Association. In apportionment of any tax or special assessment in accordance with the provisions of this Artiele XVI, such apportionment shall be made without regard to the existence of any exclusive right to use an area constituting a limited common element which may be an appurtenance to any apartment unit. ARTICLF XVII ASSOCIATIQN'S RIGHT OF FIRST REFUSAL WITH RESPECT TO SALE OR LEASE OF CONDOMINIUM UNITS In order to maintain a community of congenial residents who are financially responsible and thus protect the value of the apartment units, the sale, transfer, leasing or other alienation of apartment units shall be subject to the followinq provisions: Until this Declaration is terminated or until the Condominium buildinqs are no lonqer tenantable, whichever first occurs, no apartment unit owner may dispose of an apartment unit or any interest therein by sale, lease or otherwise except a transfer by one spouse to another, without written approval of the Board of Direct~rs of the Association obtained in the manner herein provided. A. Sale. No a}~3rtment owner may dispose of an apartment or any inter~st in an apartment ~y sale without the written approval of tli~ Assaci.~tion except the transfer of - , `, ~ 8~'~ 350 PAGE 1673